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What is Allocation Date?

Question

How does Allocation Date work?

Answer

Allocation Date breaks down costs, on a weekly basis and spreads it evenly throughout the duration of the object. Say we have Task1 with planned dates of Jan 1 - Jan 28 with costs of $100. Each week would add $25 to the total of the project for that week. If you have Task2 with planned dates of Jan 16 - Feb 10 & costs of $100. The weeks of January 16 & 22 would show $50 for the projects, while all others would have $25. I hope that makes sense but I'm happy to try to explain it better on our call tomorrow. ** For weeks where there is a month end / beginning, there will be two separate calculations. The first for the beginning of the week to the end of the first month, and the second for the start of the new month.